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MARKETS ROAR APPROVAL FOR EMBATTLED SOUTH ASIAN ECONOMIES
Investors in the troubled financial markets of Sri Lanka and Pakistan have found reasons to celebrate as optimism about a potential turnaround has emerged. In Sri Lanka, stocks surged following the launch of a domestic bond swap program, while in Pakistan, the benchmark climbed significantly after an International Monetary Fund loan deal alleviated concerns of
POWER CRISIS NO MORE – ZESA DECLARES END TO LOAD SHEDDING IN ZIMBABWE
The Zimbabwe Electricity Supply Authority (ZESA) has announced that they have ended load shedding, which means there will be no more scheduled power outages in the country. ZESA stated that the power plants in Zimbabwe are now generating enough electricity to meet the needs of both households and industries, with minimal dependence on imports. This
USING THE COMPANY EMAIL ACCOUNT? THEN YOUR BOSS CAN READ YOUR MAIL
Email is a powerful tool that helps us function in the workplace. It allows us to connect with customers, plan our day, and collaborate with colleagues. However, it's important to understand that our emails are not private when using a corporate account. The company owns the email account and can access and read the content
SA TOURISM INTERIM BOARD ACCUSED OF PERSECUTION BY SOME EMPLOYEES
Employees of South Africa Tourism have accused the interim board of using the hotline and whistle-blowing as a means to intimidate and persecute staff members. According to these employees, some executive committee members had their laptops raided and were ambushed under the guise of investigations by the interim board. The employees also claimed that the
BANKING GIANT FRUSTRATES TOWNSHIP BUSINESS, THREATENS TO CLOSE ACCOUNTS
A businessman from Soweto, South Africa, took out a loan of R5.5 million to establish a supermarket franchise called Pilgrims Corner in Naledi. He managed to repay half of the loan in a remarkably short time. However, he now finds himself facing a difficult situation as the bank, Nedbank, has refused to restructure his loan
THE TOBACCO BILL WILL CLOSE MORE SMALL BUSINESS AND DESTROY COUNTLESS JOBS
Stakeholders in the tobacco industry expressed their support for regulation in the industry. However, they emphasized that any regulations should be based on reality and should not result in job losses. The stakeholders, including British American Tobacco SA (BATSA), held a press briefing in Johannesburg in response to the Parliament's invitation for public comments on
FINANCE MINISTER ENOCH GODONGWANA IS URGING TAX TRANSPARENCY
Finance Minister Enoch Godongwana has highlighted the need for African countries to prioritize tax transparency as a strategy to combat tax evasion and illicit financial flows. He expressed concern about the significant amount of money that Africa loses each year due to these issues, citing estimates from the African Union Commission. South Africa's recent grey
NEDBANK TOP EMPOWERMENT CONFERENCE 2023: DRIVING ECONOMIC EMPOWERMENT FOR AFRICA'S FUTURE
In the rapidly changing landscape of business, policy, and empowerment, the upcoming 2023 Nedbank Top Empowerment Conference is set to have a significant impact on driving economic transformation in South Africa and beyond. Organized by Topco Media, this premier conference for B-BBEE (Broad-Based Black Economic Empowerment) experts and specialists will take place at the prestigious
GOLDEN RULES FOR ONLINE JOBS APPLICATIONS
Recruiters ask for both a CV and manual input of work history for a reason. While it may seem redundant, it serves a purpose in online recruitment platforms. The information you manually enter in your profile is more visible to recruiters compared to the CV, which they would have to click to view. Recruiters use
HOW TO TURN SOUTH AFRICA INTO A NATION OF START-UPS
The need for South Africa to create a more supportive environment for entrepreneurship and start-ups to build a competitive and fast-growing economy. Access to funding, particularly venture capital (VC), is crucial for the growth of the start-up ecosystem and fostering innovation. The article suggests that South Africa's retirement industry, with its significant assets, could be
SOUTH AFRICA'S COMPETITION AUTHORITIES AND THE DEVELOPMENT OF E-COMMERCE
According to Mamongae Mahlare, the CEO of Takealot Group, it is crucial for South Africa's competition authorities to support the development of e-commerce rather than hinder it. This statement was made during an interview with the TechCentral Show, highlighting the need for a favourable regulatory environment that promotes the growth of the online retail sector.
TIKTOK’S NEXT BIG ACT: TAKING ON AMAZON
In a shophouse located in Northeast Jakarta, a unique scene unfolds. Salespeople, numbering in the dozens, take turns showcasing and selling various products such as cosmetics, contact lenses, and hair accessories. Inside, a woman assists a potential customer in selecting the perfect shade of lipstick to complement her skin tone, while a man enthusiastically announces
KOMATI OVERHAUL SHOWS WHERE ESKOM IS HEADED: GORDHAN
Public Enterprises Minister Pravin Gordhan emphasized the significance of the Komati power station as a practical example of South Africa's commitment to the "Just Energy Transition." In addition to being a model for this transition, the power station also offers insight into the future of Eskom, South Africa's state-owned electricity utility. Following its decommissioning in
Investment Opportunities to consider In 2023
Currently, in South Africa, we are facing significant inflation, resulting in a decrease in the value of money on a daily basis. As a result, several readers have inquired about the most favourable investment options in South Africa for 2023. Through this article, you will gain insights into the recommended investment opportunities for South African
KENYAN PRESIDENT SLAMS 'UNFAIR' GLOBAL LENDING SYSTEM
Kenyan President William Ruto does not hold back when describing the global lending system: it is "unfair, it's punitive, it doesn't give everybody a fair chance". Ruto made his blunt assessment in an interview with AFP on the sidelines of a two-day summit in Paris seeking to revamp the international financial order to better help
EU 'ENFORCER' VISITS TWITTER AND META AS NEW RULES LOOM
The EU commissioner in charge of enforcing Europe's new landmark rules on online content, Thierry Breton, is scheduled to visit San Francisco on Thursday to ensure that major platforms are prepared. This visit comes shortly before the European Union's Digital Service Act (DSA) takes full effect for prominent platforms like Facebook, Instagram (both owned by
AUSTRALIA GIVES TWITTER 28 DAYS TO CLEAN UP 'TOXICITY AND HATE'
Australia's internet safety watchdog has issued a threat to fine Twitter for its failure to address online abuse, attributing a surge in "toxicity and hate" to Elon Musk's takeover of the platform. Julie Inman Grant, the e-safety commissioner and a former Twitter employee revealed that one in three complaints about online hate speech in Australia
MR PRICE'S SLOWER APPROACH TO LOAD SHEDDING PREPAREDNESS PROVES COSTLY IN 2023
The retailer suffers a significant revenue loss due to inadequate backup power coverage during increased load shedding. Mr Price, a renowned value retailer, faced the repercussions of its somewhat slower approach to insulating itself from the threat of load shedding in 2023. On Thursday, the company disclosed that having backup power available in just over
NEW FEATURE ON WHATSAPP: YOU CAN NOW SILENCE UNKNOWN CALLERS
WhatsApp has introduced a new privacy feature called "Silence unknown callers," which enables users to mute calls from unfamiliar numbers. This feature grants users greater control over incoming calls by automatically filtering out spam, scams, and calls from unknown individuals, enhancing overall protection. With this feature, incoming calls from unknown numbers will not ring on
GROWTH POINT REPORTS MIXED PERFORMANCE AS LOAD SHEDDING WEIGHS, V&A WATERFRONT IS BOOMING
Growthpoint, South Africa's largest listed property group and co-owner of the V&A Waterfront, announced on Thursday that load shedding, a scheduled electricity cut, had contributed to a mixed performance in its diverse portfolio during the nine months ending in March. The company continued to experience double-digit rental reversions, but it was encouraged by positive leasing